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About Lore
Lore is a co-ownership platform for Web3 groups, enabling communities, NFT collectors, and gaming guilds to pool funds and jointly own assets like NFTs and memecoins. Its core business centers on "Group Deposits" and multi-chain group wallets: members deposit any token (including NFTs) into a shared wallet, and Lore automatically tracks each member's ownership stake. Groups can create wallets on Ethereum, Solana, Base, Bitcoin, Blast, and other chains, with wallets secured by the whole group or delegated to specific members for fast transactions. Lore also supports direct deposits from centralized exchanges or fiat on-ramps, lowering the barrier for non-crypto-native users.
Its key competitive edge is lightweight speed and flexibility. Unlike traditional DAO frameworks that are slow and incompatible with many dapps, Lore combines Safe-powered account abstraction wallets with regular wallets and web2-like experiences. The platform abstracts chain complexity entirely, allowing groups to track their combined portfolio (tokens, NFTs, transactions) in USD, ETH, SOL, or BTC, and provides transparent PnL to individual members.
Market pain points addressed: investment clubs and NFT collectives often struggle with tracking member contributions, calculating ownership percentages, and distributing earnings. Multi-chain fragmentation causes groups to miss opportunities. Lore solves these by unifying multi-chain wallets, automating equity tracking, and enabling quick collective action.
Recent development (March–September 2026): Lore launched V2, a modular protocol covering the full lifecycle of community capital formation, coordination, and allocation. This includes tiered Membership NFTs that crowdfund a shared wallet, onchain voting with delegable rights, and a Guardian system to prevent malicious transactions. A consumer app for collective crowdfunding (mobile-friendly, Base-only) is scheduled for late September 2026. The roadmap also includes manager-curated token lists, one-click copy trading, and an iOS app with Apple Pay by Q1 2026. No major negative events were reported in the past six months.
Over the past six months, Lore has advanced from a co-ownership platform into a modular protocol for onchain communities. Key milestones include the Public Beta launch, which introduced ERC721 membership cards, token-gated fundraising, and coordination tools like polls and Discord bots, backed by a $4M strategic round led by Multinet Capital. The subsequent Multichain Groups release expanded support to Ethereum, Base, and Solana, with Bitcoin and Blast in private beta, enabling cross-chain asset co-ownership and member-managed wallets.
The most recent V2 announcement outlines a shift toward a full lifecycle protocol for community capital formation, coordination, and allocation. Upcoming priorities include a consumer app launching in late September on Base, focused on collective crowdfunding, a Reddit-like community discovery experience, and an Advanced Mode for customization. Future roadmap items include a Points and Rewards system with retroactive airdrops to early groups, Lore Avatar NFTs for reputation, and expanded chain coverage. The team emphasizes building infrastructure that makes co-ownership as ubiquitous as individual ownership.
Co-founders and current core executives of Lore:
Thomas Scaria - Co-founder & CEO. Previously worked at Wyre (Head of GTM, Head of Trading) and Citi (Sr. Investments Associate). Holds a BS in Bio Engineering from University of Southern California.
Shelby Thomas - Co-founder & CPO. Previously a PhD researcher at UCSD, with internships at Google and Qualcomm. Focused on computer architecture and machine learning.
Armaan Kalsi - Co-founder. Additional professional background is not publicly detailed in the provided references.